On-Demand Algo Service Launched by RTS
RTS Realtime Systems Group (RTS) announced today the global launch of Tango OnDemand, a fixed-price package of customized algorithmic and automated trading solutions. The package gives users their choice of RTS' three algorithmic trading platforms, any two hosted exchanges on a global trading network, and an array of built-in trading strategies.
For one fixed monthly price, Tango OnDemand enables users to select any two hosted exchanges from the more than 135 global exchange connections that RTS offers, and add others at their discretion. The offering provides access to RTD Tango, the firm's oldest algorithmic trading platform; RTD Tango Trader, the combined click and algorithmic trading solution; or RTD Tango Quant, the newest offering with technical analysis, charting, back-testing and optimization tools. The package includes built-in algorithmic trading strategies such as arbitrage, smart order routing, VWAP, TWAP, data analysis, market making, hedging and baskets.
"Tango OnDemand is ideally suited to firms that want to begin offering ultra-low latency algorithmic trading to clients or to help them transition into multiple markets or asset classes," says RTS CEO Steffen Gemuenden. "Users can easily build sophisticated execution algorithms and convert ideas into actionable trading strategies. It's also attractive to experienced algorithmic traders who want to choose from one of our premier platforms and focus on a limited number of markets or trading strategies in a cost-efficient manner."
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